Renewable energy consumption, financial development and environmental quality in Nigeria
Journal title ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
Author/s Kingsley Imandojemu, Ademayowa M. Adebukunola
Publishing Year 2024 Issue 2024/1
Language English Pages 26 P. 259-284 File size 238 KB
DOI 10.3280/EFE2024-001013
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The paper investigates the renewable energy consumption-environmental quality nexus using the FMOLS time-series analysis for Nigeria from 1981 to 2021. The findings indicated that nonrenewable energy consumption had an inverse and significant effect on environmental quality, while renewable energy consumption had a positive and significant impact on envi- ronmental quality. Financial development, on the other hand, had no significant effect on en- vironmental quality. As a result, the study suggests an appropriate policy-mix approach to ensure environmental quality in Nigeria. Furthermore, Nigeria should broaden its energy sources, specifically diversify to cleaner energy sources to guarantee environmental quality.
Keywords: renewable energy, sustainable development, environmental quality, financial development, Nigeria
Jel codes: C23, Q01, Q42, Q56, Q57
Kingsley Imandojemu, Ademayowa M. Adebukunola, Renewable energy consumption, financial development and environmental quality in Nigeria in "ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT" 1/2024, pp 259-284, DOI: 10.3280/EFE2024-001013